8.20.050 Articles of amendment.
(a) Articles of amendment shall be executed, in duplicate, by the corporation through its president or chief executive officer, and shall be verified by the officer responsible for authenticating corporate records.
(b) The amendment shall set forth:
(1) The name of the corporation;
(2) The full text of the amendment adopted;
(3) The date the amendment was approved by shareholders;
(4) The number of shares outstanding, and number of shares entitled to vote thereon. If the shares of any class are entitled to vote thereon as a class, the designation and number of outstanding shares entitled to vote thereon in each such class;
(5) The number of shares that were voted for, and against, the amendment, and if shares of any class are entitled to vote as a class, the number of shares of each such class that were voted for, and against, the amendment;
(6) If the amendment provides for an exchange, reclassification, or cancellation of issued shares, the amendment must specify how the change will take place;
(7) If the amendment effects a change in the amount of stated capital, then a statement of the manner in which the same is effected and a statement, expressed in dollars, of the amount of stated capital as changed by the amendment.
(c) The articles of amendment shall be sent to the Clerk of the Yurok Tribal Council, or his/her designee, with any fees as provided in this Code,
(d) If the Clerk of the Tribal Council, or his/her designee, shall approve the amendments as to form and fees, the Clerk shall forward same to the Yurok Tribal Council for final approval at a regularly scheduled meeting.
(e) Once approved by the Yurok Tribal Council, the Clerk, or his/her designee, shall issue a certificate of amendment. [Ord. 18 Part IV § 5, adopted, 10/7/2008.]